ethereum

Welcome to the first decentralized global computational machine. Over the past couple weeks I have been reading the Homestead release notes, the Solidity Documentation, watching youtube videos about Ethereum; really just an all out effort on trying to understand what this protocol is and why it is a technological successor to Bitcoin. In trying to … Continue reading Solidity and the Ethereum Virtual Machine

The decentralized nature of cryptocurrencies are their biggest strength and their biggest weakness. Often this is the case with something that completely disrupts the status-quo. The fact that decentralized currencies are open source also creates a unique situation where that which is the best given path or fork in the long run must be agreed … Continue reading The Rise of Ethereum

Blockchain technology is the greatest computational advancement we have seen in the past 5 years. In terms of available information, real-time market effects, network effects, sentiment, research, feedback loops for price, volume, transaction levels; there is currently nothing as open and riveting. It is a new distributed database that can potentially be the foundation for an … Continue reading Distributed Consensus Protocols

Talent hits a target others can't hit, Genius hits a target others can't see. - Arthur Schopenhauer The sentiment surrounding Bitcoin has transformed. It has gone from being known as the anonymous payment mechanism to facilitate illegal transactions, to a speculative digital bubble with no intrinsic value, to what industry leaders are now calling the … Continue reading The Power of The Blockchain: Future Developments and Applications

The next layer on top of the Bitcoin protocol is real time asset distribution information, consensus , and public ledger. Stocks, bonds, real-estate, escrow, microloans, gambling, crowdfunding and P2P contracts will be executed on decentralized networks. This has been referred to as colored coins or designated digital "contracts" by a new protocol named Ethereum. Ethereum … Continue reading Decentralized Asset Exchanges